Is this something that will be common in the future? Great specs at under $200, unsubsidized?
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It is starting to become pretty common as of today.
Last Nov, a local brand here in Manila was selling a dual core 1.2Ghz Snapdragon phone for 4k pesos or about $100. This was the Cherry Mobile Flare which was a rebranded Karbonn (India) A9+. Not rare to find phones with quad core at $150 out here. But I personally stick to brands I know because when I had that Flare, it sucked in alot of areas including reception, batt, and camera.
But I agree with the first reply that maybe not in the Western markets because of carrier control but already more common here in Asia.
Nokia Lumia 521 and Nexus 4 is the best bang for your buck unsubsidized phones there in the U.S.